Of those respondents indicating completion of higher education, on average 43% across all four counties have student loan debt, with 34.2%, 47.5%, 46.7%, and 39.8% in Carroll, Gallatin, Owen, and Pendleton Counties, respectively. Additionally, 14.5% of respondents without a degree or completed trade school have student loan debt. The data indicate this population has more difficulty repaying their student loans than those that go on to complete their higher education.Â
Carroll County
Nearly 20% of Carroll County residents have student loan debt including persons without a degree or trade school education. Nearly 40% of residents with student loan debt have debt in excess of $30,000. (Error margin 5.294%)
Half of the respondents with student loan debt with a completed degree or trade school have difficulty repaying their student loans on a monthly basis while more than 61% of those without a completed degree or trade school have difficulty paying their student loan on a monthly basis.Â
Figure 1. Carroll County residents with a Completed Degree or Trade
Figure 2. Carroll County residents without a Completed Degree or Trade
Figure 3. Carroll County residents use of education in employment
Of note is that people not using their degree or education in their employment represent a much larger portion of persons having difficulty paying their student loan debt on a monthly basis.
Gallatin County
More than 26% of Gallatin County residents have student loan debt including persons without a degree or trade school education. Nearly 29% of residents with student loan debt have debt in excess of $30,000. (Error margin 4.191%)
Half of respondents with student loan debt with a completed degree or trade school have difficulty repaying their student loans on a monthly basis while 43.1% of those without a completed degree or trade school have difficulty paying their student loan on a monthly basis. (Lower rate may be attributed to a lower student loan debt ratio for those without a completed degree or trade school.)
Figure 4. Gallatin County residents with a Completed Degree or Trade
Figure 5. Gallatin County residents without a Completed Degree or Trade
Figure 6. Gallatin County residents use of education in employment
Of note is that people not using their degree or education in their employment represent a much larger portion of persons having difficulty paying their student loan debt on a monthly basis.
Owen County
Nearly 30% of Owen County residents have student loan debt including persons without a degree or trade school education. More than 37% of residents with student loan debt have debt in excess of $30,000. (Error margin 5.184%)
Nearly 65% of respondents with student loan debt with a completed degree or trade school have difficulty repaying their student loans on a monthly basis while 56% of those without a completed degree or trade school have difficulty paying their student loans on a monthly basis. (Lower rate may be attributed to a lower student loan debt ratio for those without a completed degree or trade school.)
Figure 7. Owen County residents with a Completed Degree or Trade
Figure 8. Owen County residents with a Completed Degree or Trade
Figure 9. Owen County residents use of education in employment
Of note is that people not using their degree or education in their employment represent a much larger portion of persons having difficulty paying their student loan debt on a monthly basis.
Pendleton County
Nearly 25% of Pendleton County residents have student loan debt including persons without a degree or trade school education. More than 34% of residents with student loan debt have debt in excess of $30,000. (Error margin 5.325%)
Less than 40% of respondents with student loan debt with a completed degree or trade school have difficulty repaying their student loans on a monthly basis while only 17.2% of those without a completed degree or trade school have difficulty paying their student loan on a monthly basis. (Lower rate may be attributed to a lower student loan debt ratio for those without a completed degree or trade school.)
Figure 10. Pendleton County residents with a Completed Degree or Trade
Figure 11. Pendleton County residents with a Completed Degree or Trade
Figure 12. Pendleton County residents use of education in employment
Of note is that people not using their degree or education in their employment represent a much larger portion of persons having difficulty paying their student loan debt on a monthly basis.